Merchants Capital announced it closed a record $8.95 billion in debt production in 2022, surpassing the previous record of $7 billion set in 2021. The firm saw significant growth in many product offerings in 2022, including a 77 percent increase in Merchants Bank balance sheet lending with over $7 billion, a 48 percent increase in Freddie Mac Targeted Affordable Housing (TAH) production and an overall 27 percent increase in 2022 financing volume. Merchants Capital continued to execute throughout 2022 despite turbulent market conditions with unprecedented interest rate volatility.